Comment Section for Sam Altman gives up control of OpenAI Startup Fund, resolving unusual corporate venture structure | TechCrunch

This TechCrunch webpage provides various tech-related news and updates. The highlighted story is about Sam Altman, OpenAI's CEO, who has relinquished formal control of the OpenAI Startup Fund to Ian Hathaway. This move resolves an unusual corporate venture structure. The OpenAI Startup Fund, initiated in 2021, had Altman as its controller, potentially posing a significant issue if he hadn't been reinstated as CEO following a brief removal. The fund, which invests in early-stage AI-driven companies, now holds $325 million in gross net asset value. In addition to this story, the webpage also contains various other tech news pieces, including Beyoncé’s new album as a statement against AI music, Canoo's excessive spending on the CEO’s private jet, Microsoft's unbundling of Teams, and the explosion of an Astra rocket during prelaunch testing in 2020, among others.